Oregon § 541.865 Long-term distribution policy for Oregon Environmental Restoration Fund; annual transfers

Oregon Statutes

§ 541.865 — Long-term distribution policy for Oregon Environmental Restoration Fund; annual transfers

Oregon § 541.865

Vol.15

Title 45Water Resources; Irrigation, Drainage, Flood Control, Reclamation

Ch. 541Water Distributors; Water Releases; Conservation and Storage;

This text of Oregon § 541.865 (Long-term distribution policy for Oregon Environmental Restoration Fund; annual transfers) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 541.865 (2026).

Text

(1)The Environmental Restoration Council shall, based on the advice of the State Treasurer, establish a long-term distribution policy for the Oregon Environmental Restoration Fund that seeks to maintain a stable real asset value over time while providing for the transfers described in subsections (3) and (4) of this section.

(2)No later than December 1 of each year, the Environmental Restoration Council shall determine the amounts that shall be transferred from the Oregon Environmental Restoration Fund by the Oregon Watershed Enhancement Board for the purposes of subsections (3) and (4) of this section. The amounts to be transferred shall be based on the balance of the Oregon Environmental Restoration Fund at the end of the prior fiscal year.

(3)First, the board shall transfer from the

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(1) The Environmental Restoration Council shall, based on the advice of the State Treasurer, establish a long-term distribution policy for the Oregon Environmental Restoration Fund that seeks to maintain a stable real asset value over time while providing for the transfers described in subsections (3) and (4) of this section.
(2) No later than December 1 of each year, the Environmental Restoration Council shall determine the amounts that shall be transferred from the Oregon Environmental Restoration Fund by the Oregon Watershed Enhancement Board for the purposes of subsections (3) and (4) of this section. The amounts to be transferred shall be based on the balance of the Oregon Environmental Restoration Fund at the end of the prior fiscal year.
(3) First, the board shall transfer from the Oregon Environmental Restoration Fund the amount reasonably necessary to cover the costs of the board and the Environmental Restoration Council in the administration of ORS 541.857 to 541.882. The amount transferred under this subsection may not exceed 0.25 percent of the Oregon Environmental Restoration Fund balance at the end of the prior fiscal year, unless a greater amount is approved by the Environmental Restoration Council.
(4) Second, the board shall transfer from the Oregon Environmental Restoration Fund the amount determined pursuant to the long-term distribution policy developed under subsection (1) of this section, to be allocated as follows:
(a) Fifty percent shall be transferred to the State Agency Program Fund established under ORS 541.867;
(b) Twenty-five percent shall be transferred to the Disproportionately Impacted Community Fund established under ORS 541.871; and
(c) Twenty-five percent shall be transferred to the Tribal Nation Natural Resource Program Fund established under ORS 541.876.